JAKARTA: Indonesian police have arrested 18 police officers suspected of being involved in an extortion case against attendees, which included Malaysians, of the Djakarta Warehouse Project (DWP) music festival on Dec 15.
BANGKOK: Phuket is witnessing an unprecedented transformation into a global luxury living destination, with property analysts projecting the market to reach US$4.1 billion by 2025, representing a compounded annual growth rate of 7.8% from 2023.
"Phuket is establishing itself as a prime location with immense potential for luxury residential projects," says Yana Chuvalova, director of sales and marketing at Gardens of Eden."The combination of natural beauty — forests, mountains, and sea — alongside the warmth and friendliness of the Thai people creates an incredibly welcoming environment for foreigners seeking a second home.
Their survey revealed that 70% of potential buyers strongly favour properties incorporating advanced technology and environmental considerations. The development's success appears well-timed, as Phuket's property market shows remarkable resilience. Market analysts predict luxury property values to appreciate by 15-20% annually over the next five years, driven by limited land availability and increasing demand from international buyers seeking safe haven investments.
Phuket Emerges Premier Luxury Living Destination Amid Property Boom
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